Are Analysts Expecting A Better 2020 For Helix Energy Solutions Group Inc (HLX)?

Helix Energy Solutions Group Inc (HLX) concluded trading on Thursday at a closing price of $11.29, with 3.74 million shares of worth about $42.19 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 8.35% during that period and on April 25, 2024 the price saw a gain of about 2.54%. Currently the company’s common shares owned by public are about 152.29M shares, out of which, 142.67M shares are available for trading.

Stock saw a price change of 6.21% in past 5 days and over the past one month there was a price change of 5.42%. Year-to-date (YTD), HLX shares are showing a performance of 9.82% which increased to 56.59% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.18 but also hit the highest price of $12.14 during that period. The average intraday trading volume for Helix Energy Solutions Group Inc shares is 1.74 million. The stock is currently trading 0.38% above its 20-day simple moving average (SMA20), while that difference is up 8.71% for SMA50 and it goes to 13.39% higher than SMA200.

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Helix Energy Solutions Group Inc (NYSE: HLX) currently have 152.29M outstanding shares and institutions hold larger chunk of about 91.87% of that.

The stock has a current market capitalization of $1.72B and its 3Y-monthly beta is at 2.49. It has posted earnings per share of -$0.21 in the same period. It has Quick Ratio of 1.48 while making debt-to-equity ratio of 0.47. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HLX, volatility over the week remained 4.52% while standing at 3.40% over the month.

Analysts are in expectations that Helix Energy Solutions Group Inc (HLX) stock would likely to be making an EPS of $0.18 in the current quarter, while forecast for next quarter EPS is $0.2 and it is $0.86 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.13 which is $0.23 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.05 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 838.08% while it is estimated to increase by 69.01% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BTIG Research on October 26, 2022 offering a Buy rating for the stock and assigned a target price of $10 to it. Coverage by Evercore ISI stated Helix Energy Solutions Group Inc (HLX) stock as an Outperform in their note to investors on July 27, 2022, suggesting a price target of $8 for the stock. On February 01, 2022, Piper Sandler Upgrade their recommendations, while on July 28, 2021, Piper Sandler Downgrade their ratings for the stock with a price target of $4.50. Stock get an Underperform rating from BofA Securities on July 16, 2021.

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